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Inflation Question Use the following consumer data for housing, energy, and food purchased in the year(s) 2017, 2018, and 2019 in Macroland. Show your work. The base year 2018. Price in 2017 Price 2018 Price 2019 Housing $22,000.00 $22,500.00 $28,000.00 Energy $20,000.00 $21,000.00 $21,200.00 Food $12,000 00 5p00.00 $12,600.00 $13,000.00 56100.00 Calculate the CPI (Consumer Price Index) for 2018. Please interpret the result. అ а. b. Calculate the CPI for 2019. Please interpret the result. с. What is the inflation rate between 2017 and 2018? d. What is the inflation rate between 2017 and 2019? е. What is the inflation rate between 2018 and 2019? f. Calculate the growth rate of the price of housing from 2017 to 2018. g. Comparing housing and food, which is relatively more expensive, 2017 or 2018? Why?

Inflation Question Use the following consumer data for housing, energy, and food purchased in the year(s) 2017, 2018, and 2019 in Macroland. Show your work. The base year 2018. Price in 2017 Price 2018 Price 2019 Housing $22,000.00 $22,500.00 $28,000.00 Energy $20,000.00 $21,000.00 $21,200.00 Food $12,000 00 5p00.00 $12,600.00 $13,000.00 56100.00 Calculate the CPI (Consumer Price Index) for 2018. Please interpret the result. అ а. b. Calculate the CPI for 2019. Please interpret the result. с. What is the inflation rate between 2017 and 2018? d. What is the inflation rate between 2017 and 2019? е. What is the inflation rate between 2018 and 2019? f. Calculate the growth rate of the price of housing from 2017 to 2018. g. Comparing housing and food, which is relatively more expensive, 2017 or 2018? Why?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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questions A,B,C,D 

### Chapter 5 #### d. - What is the labor force of Macroland for people between the ages of 18 and 65 in February? #### e. - What is the unemployment rate of Macroland for people between the ages of 18 and 65 in February? #### f. - How many discouraged workers are there in February? ### Inflation Question **Instructions:** Use the following consumer data for housing, energy, and food purchased in the years 2017, 2018, and 2019 in Macroland. Show your work. The base year is 2018. | | Price 2017 | Price 2018 | Price 2019 | |---------|------------|------------|------------| | Housing | $22,000.00 | $22,500.00 | $28,000.00 | | Energy | $20,000.00 | $21,000.00 | $21,200.00 | | Food | $12,000.00 | $12,600.00 | $13,000.00 | **Tasks:** a. Calculate the CPI (Consumer Price Index) for 2018. Please interpret the result. b. Calculate the CPI for 2019. Please interpret the result. c. What is the inflation rate between 2017 and 2018? d. What is the inflation rate between 2018 and 2019? e. Calculate the inflation rate of the price of housing from 2017 to 2018. f. Calculate the inflation rate of the price of housing from 2018 to 2019. g. Comparing housing and food, which is relatively more expensive, 2017 or 2018? Why?
Transcribed Image Text:### Chapter 5 #### d. - What is the labor force of Macroland for people between the ages of 18 and 65 in February? #### e. - What is the unemployment rate of Macroland for people between the ages of 18 and 65 in February? #### f. - How many discouraged workers are there in February? ### Inflation Question **Instructions:** Use the following consumer data for housing, energy, and food purchased in the years 2017, 2018, and 2019 in Macroland. Show your work. The base year is 2018. | | Price 2017 | Price 2018 | Price 2019 | |---------|------------|------------|------------| | Housing | $22,000.00 | $22,500.00 | $28,000.00 | | Energy | $20,000.00 | $21,000.00 | $21,200.00 | | Food | $12,000.00 | $12,600.00 | $13,000.00 | **Tasks:** a. Calculate the CPI (Consumer Price Index) for 2018. Please interpret the result. b. Calculate the CPI for 2019. Please interpret the result. c. What is the inflation rate between 2017 and 2018? d. What is the inflation rate between 2018 and 2019? e. Calculate the inflation rate of the price of housing from 2017 to 2018. f. Calculate the inflation rate of the price of housing from 2018 to 2019. g. Comparing housing and food, which is relatively more expensive, 2017 or 2018? Why?
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